【Dividend Policy】
The Company recognizes the return of earnings to shareholders as one of management’s highest priorities, with a fundamental policy of increasing dividends and maintaining a stable dividend on an ongoing basis while also considering its consolidated financial results and financial standing. Under this fundamental policy, the Company will continue to pay a progressive dividend with a target payout ratio of 30% or higher during the period of the SANYO VISION 2028, the long-term management plan. The Company will work to increase dividend per share by further strengthening its management structure to continuously enhance corporate value, thereby bolstering its ability to generate stable earnings. Meanwhile, we plan to use our internal reserves to make strategic investments in growth areas and expand our overseas business in the future. The Company plans to pay a year-end dividend for the fiscal year under review of 33 yen per share. Combined with the interim dividend of 22 yen per share already paid on June 14, 2024, this will bring the annual dividend to 55 yen per share.
The Company’s Articles of Incorporation state that, unless otherwise provided for by laws and regulations, the Company may make distribution of surplus based on a resolution of the Board of Directors.
The Articles of Incorporation also state that the Company may, by resolution of the Board of Directors, pay interim dividends, the record date of which shall be March 31 each year.
(Note) Distributions of surplus, the record date of which belongs to the fiscal year under review are as follows:
| Date of resolution | Total amount of dividends (thousands of yen) | Dividend per share (yen) |
| Resolution of meeting of Board of Directors held on May 9, 2024 | 633,439 | 22.00 |
| Resolution of meeting of Board of Directors held on November 7, 2024 | 950,224 | 33.00 |
| 2021/09 | 2022/09 | 2023/09 | 2024/09 | |
| 2Q | 19 | 19 | 21 | 22 |
| Year-end | 20 | 21 | 22 | 33 |
The Company does not provide shareholder benefits.
